Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Comprehensive income
A)The change in equity from nonowner transactions.
B)Contains all information necessary for faithful representation.
C)Along with relevance, a fundamental decision-specific quality.
D)Results if an asset is sold for more than book value.
E)Concerns the decision-making impact of both the amount and nature of an item.

Question

Quizplus · Accepted Answer

Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances from nonowner sources.

Listed Below Are Five Terms Followed by a List of Phrases